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Karachi, Bank Islami Pakistan Limited has issued a Sukuk (Tier-I), BIPLSC, marking its presence in the Islamic financial instruments market. This Sukuk has a face value of Rs. 5,000 and is perpetual. It comes with a profit rate of 3M KIBOR+2.75%. The total issue size is Rs. 2,000,000,000, with the entire amount still outstanding. The next coupon date for this Sukuk is slated for 01-01-2024.
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